Deals
Hg Said to Top $11 Billion for Its Largest Ever Buyout Funds
- U.K.-based private equity firm focuses on software, services
- Hg’s first investment from Saturn to increase stake in Visma
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Hg will soon stop accepting new money for three of its buyout funds after raising $11 billion for its largest ever pool of capital, according to people familiar with the matter.
The U.K.-based private equity firm, which focuses on software and service businesses, will divide as much as $10 billion equally between its second large-cap fund, known as Saturn, and its ninth mid-cap fund, known as Genesis, said the people, who asked not to be identified discussing private information. An additional $1.5 billion has been raised for the firm’s third small-cap fund called Mercury, the people said.